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Stock Prices

GNS

LNW

MMYT

MOD

PRDO

The article lists five consumer discretionary stocks that are considered overbought, indicating they may be overvalued and could experience a price drop. The stocks are Modine Manufacturing (MOD), Genius Group (GNS), MakeMyTrip (MMYT), Perdoceo Education (PRDO), and Light & Wonder (LNW). All these companies have recently reported better-than-expected financial results, but their Relative Strength Index (RSI) values are above 70, suggesting they are overbought.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 12:56 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) has received regulatory approval from the National Futures Association (NFA) to offer crypto futures on its platform. This makes Coinbase the first crypto-native platform to offer traditional crypto trading alongside regulated crypto futures. The news has led to a 2.87% increase in Coinbase shares, trading at $81.45.

Portfolio Pulse from Adam Eckert

August 16, 2023 | 12:54 pm

NU

Nu Holdings Ltd (NYSE:NU) shares are trading higher after the company reported better-than-expected Q2 FY23 results. The company posted a 60% Y/Y revenue growth to $1.87 billion, beating the consensus of $1.75 billion. Nu added 4.6 million customers in Q2, reaching 83.7 million globally. Gross profit expanded to $782 million, up 113% Y/Y, with the margin rising to 42% from 31% a year ago. Adjusted net income rose to $262.7 million from $17.0 million prior year. The company's Q2 EPS was $0.0464 vs. EPS loss of $(0.0064) the prior year.

Portfolio Pulse from Lekha Gupta

August 16, 2023 | 12:47 pm

MRCY

Mercury Systems reported worse-than-expected Q4 financial results and issued FY24 adjusted EPS and revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:39 pm

CAVA

CAVA Group Inc. reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:39 pm

INTC

TSEM

Tower Semiconductor and Intel have mutually agreed to terminate their pending takeover deal, which was awaiting regulatory approval. This has led to a decrease in Tower Semiconductor's stock price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:38 pm

TGT

Target's CFO has reported that the company's comparable sales fell by 7% in June and 5% in July. This indicates a slowdown in sales growth for the retail giant.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 12:37 pm

DLO

DLocal's shares are trading higher following the company's Q2 financial results, which exceeded expectations. The company also reaffirmed its FY23 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:37 pm

COIN

Coinbase shares are trading lower despite the company receiving approval from the National Futures Association (NFA) to offer crypto futures.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:36 pm

SE

Citigroup has downgraded Sea Ltd's stock from Buy to Neutral, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:35 pm